Managing People in Entrepreneurial Organizations


Book Description

The last years of the 20th Century may well have reflected a brief golden age for human resource management. In an economy where ideas and capital were plentiful, the critical facet for success increasingly became human resources. Having the people on hand, with the right skills to bring new products into existence with a first mover advantage became the definitive factor. As a result, policies and initiatives at the intersection of entrepreneurship and human resource management proliferated in an unprecedented way, and is the focus of this volume. HRM in entrepreneurship and of stock related rewards. The volume also includes papers on topics emerging from the retrospective of the dot-com boom and bust, such as optimal methods of recruitment for smaller firms, defining and assessing the new concept of person-entrepreneurship fit, and the impact of union relationships on small high-performance firms.




Entrepreneurial Organizations and Human Capital


Book Description

This dissertation investigates how human capital shapes both the creation a nd performance of entrepreneurial organizations. In three essays, I study the intricate linkage between startups and the individuals that embody them - which include not only the founders, but also the non-founding joiners. In the first essay, my co-authors and I empirically assess the popular view that the most successful entrepreneurs tend to be young. Second, I investigate the types of individuals that choose to work for startups rather than established firms, and the resulting wage differential between the two employer types. Third, I study the effectiveness of high-tech startup acquisitions as a hiring strategy for incumbent firms - commonly known as "acqui-hiring."




Human Resource Strategies for the High Growth Entrepreneurial Firm


Book Description

This volume not only illustrates the research that is being done in the area of human resources in entrepreneurial firms but it raises many issues that exemplify the complexity of the topic. It is not a case of small versus large firms. There are small established firms, small start-up firms and small high growth firms. As pointed out by Alvarez and Molloy these firms differ with established firms dealing with risk while high growth firms deal with uncertainty. These firms vary in ownership based on family ownership, ownership by founder, or some type of privately held stock ownership. These firms also vary based on how they handle people issues: structure versus lack of structure; the traditional HR functional approach versus the use of people management practices; person-job fit versus person- organization fit; ability and work experience versus integrity and conscientiousness; work processes and bureaucracy versus agility and adaptability; tasks versus roles; in-house professionals versus reliance on third-party vendors; traditional pay versus variable pay; short-term orientation of incentives versus long-term orientation of incentives; and many more.




Entrepreneurship, Human Capital, and Regional Development


Book Description

This book makes original contributions to the literature on clusters, human capital, and regional development by focusing on the link between entrepreneurship and economic growth, aiming for a better understanding of the dynamics of growth determined by the entrepreneur’s action in the regional space. The focus is therefore on critical reflection and rethinking the articulation between three levels of analysis of economic systems, namely entrepreneurship, human capital and regional development, which have not so far been perfectly articulated in the literature of reference on endogenous growth. Although there has been significant research so far into the success and failure of clusters, the implications of these multiple research efforts fail to provide political decision-makers and company managers with critical information about which mechanisms lie behind cluster success and also about how clusters survive and prosper. The innovative approaches presented in this book on entrepreneurship, human capital mobility and regional development have considerable potential to create new and original implications for decision-makers and managers. In terms of value added, this book contributes to the literature by seeking answers to the following questions: (i) Is the growth and success of clusters over time due to concentration and transmission of business competences through spin-offs located in a given regional space? (ii) Does increased density of job options outside the workplace contribute to increased mobility of human capital between firms located within clusters, and so improve coordination in the local labor market? (iii) Do spin-offs benefit from hiring workers from successful incumbents, inasmuch as those workers are expected to perform better than other workers from different origins? Integrating theoretical frameworks, empirical research, and regional case studies (from Portugal, Spain, Norway and Turkey), the editors and contributors demonstrate that the regional dynamics of industry growth are strongly influenced by the mobility of employees towards new firms.




Data-Driven Decision Making in Entrepreneurship


Book Description

Since the beginning of the 21st century, there has been an explosion in startup organizations. Together, these organizations have been valued at over $3 trillion. In 2019, alone, nearly $300 billion of venture capital was invested globally (Global Startup Ecosystem Report 2020). Simultaneously, an explosion in high volume and high velocity of big data is rapidly changing how organizations function. Gone are the days where organizations can make decisions solely on intuition, logic, or experience. Some have gone as far as to say that data is the most valuable currency and resource available to businesses, and startups are no exception. However, startups and small businesses do differ from their larger counterparts and corporations in three distinct ways: 1) they tend to have fewer resources, time, and specialized training to devote to data analytics; 2) they are part of a unique entrepreneurial ecosystem with unique needs; 3) scholarship and academic research on human capital data analytics in startups is lacking. Existing entrepreneurship research focuses almost exclusively on macro-level aspects. There has been little to no integration of micro- and meso-level research (i.e., individual and team sciences), which is unfortunate given how organizational scientists have significantly advanced human capital data analytics. Unlike other books focused on data analytics and decision for organizations, this proposed book is purposefully designed to be more specifically aimed at addressing the unique idiosyncrasies of the science, research, and practice of startups. Each chapter highlights a specific organizational domain and discuss how a novel data analytic technique can help enhance decision-making, provides a tutorial of said regarding the data analytic technique, and lists references and resources for the respective data analytic technique. The volume will be grounded in sound theory and practice of organizational psychology, entrepreneurship and management and is divided into two parts: assessing and evaluating human capital performance and the use of data analytics to manage human capital.




Rethinking Entrepreneurial Human Capital


Book Description

This book focuses on the specific traits and nature of entrepreneurial human capital and the extent to which it can be stimulated by entrepreneurship education – especially when these activities combine collaborative practices and innovation. It includes a comprehensive collection of articles on how entrepreneurship education can be structured, providing theoretical reflections as well as empirical evidence. As such it contributes to the ongoing debate on the teachability of entrepreneurial skills and the role of innovation and collaboration in the design of educational programs that aim to spread entrepreneurial human capital.




Intrapreneurship and Sustainable Human Capital


Book Description

This book elaborates on the combined challenges regarding intrapreneurship, sustainability of human resources management (HRM) and digital transformation faced by today’s organizations. Representing the first such attempt in current management literature, it explores the sustainable HRM approach, which focuses on connecting internal and external factors so as to achieve positive outcomes not only for the respective organization but also for the society, economy, and environment. It also discusses cases related to HRM’s role in establishing a corporate sustainability culture, while also working to promote employee engagement, satisfaction, performance and well-being. In closing, the book discusses the new opportunities provided by digitalization and connectivity in the field of intellectual capital, which make employees the central focus of the organization in order to create sustainable competitive advantages.




Biotechnology Entrepreneurship


Book Description

As an authoritative guide to biotechnology enterprise and entrepreneurship, Biotechnology Entrepreneurship and Management supports the international community in training the biotechnology leaders of tomorrow. Outlining fundamental concepts vital to graduate students and practitioners entering the biotech industry in management or in any entrepreneurial capacity, Biotechnology Entrepreneurship and Management provides tested strategies and hard-won lessons from a leading board of educators and practitioners. It provides a ‘how-to’ for individuals training at any level for the biotech industry, from macro to micro. Coverage ranges from the initial challenge of translating a technology idea into a working business case, through securing angel investment, and in managing all aspects of the result: business valuation, business development, partnering, biological manufacturing, FDA approvals and regulatory requirements. An engaging and user-friendly style is complemented by diverse diagrams, graphics and business flow charts with decision trees to support effective management and decision making. Provides tested strategies and lessons in an engaging and user-friendly style supplemented by tailored pedagogy, training tips and overview sidebars Case studies are interspersed throughout each chapter to support key concepts and best practices. Enhanced by use of numerous detailed graphics, tables and flow charts




Human Capital, Inter-firm Mobility and Organizational Evolution


Book Description

A pioneering and innovative analysis of how the social organization of talent and the mobility of talent shape entrepreneurial activity, the spread of organizational innovations, the incidence of mergers and acquisitions and the demise of organizations. A must read for students of organizations, strategy and human resource management. Hayagreeva Rao, Stanford University, US In this book, Pennings and Wezel address a neglected topic in organizational theory: the links between individual behaviors and organizational outcomes. Their study. . . demonstrates how individual careers affect organizational founding, competitiveness, and survival, and provides rich insights on the role of human capital in professional partnerships. It offers a new perspective backed by solid reasoning and evidence. Henrich R. Greve, Norwegian School of Management, Norway The authors of this fascinating and original work contend that by analysing the conduct of organization members, a great deal can be learnt about firm behaviour and about the cooperative and competitive forces that underlie industry evolution. The empirical chapters in this volume are preceded by a conceptual overview of macro-organizational theories that explicitly bring in the role of individual actions. A rich set of studies carried out in the Dutch accounting sector is used to illustrate that changes in competitive positioning and behaviour are triggered by employee actions including advancement and defection to competitors. New insights on entrepreneurship, mergers and acquisitions and organizational dissolution further develop the multi-level focus of the set of studies presented here. The book aims at stimulating intellectual debate on the role of migration of human and social capital through inter-firm mobility and will provide a fascinating read for academics, researchers, students and practitioners with an interest in organizational theory, strategic management and human resource management.




How to promote entrepreneurship within established companies? Human Resource Management and Corporate Entrepreneurship


Book Description

Given the dynamic of today’s business environments, more and more established companies attempt to promote entrepreneurship within their organizational boundaries to preserve and reinforce the innovativeness and flexibility from which many young enterprises benefit and so enhance their competitiveness and economic viability. The strategy pursued by them is called a corporate entrepreneurship strategy. This book gives answers on the question of how an organization can strengthen the entrepreneurial mindset and behavior of its employees with the help of appropriate human resource management practices. A variety of options to encourage entrepreneurial activities is provided. In the course of a theoretical analysis, beneficial employee characteristics and behaviors for the pursuance of a corporate entrepreneurial strategy are derived. In order to provide additional insights into how organizations promote the application of such a strategy in practice, this book also includes some revealing interviews with experts from companies successfully pursuing a corporate entrepreneurship strategy.